Bank of England Won't Stand in the Wayhttp://www.fxstreet.com/fundamental/interest-rates/bank-of-england-wont-stand-in-the-way/Fundamental Analysishttp://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7Bank of England Won't Stand in the Way of the British Poundhttp://www.fxstreet.com/fundamental/interest-rates/bank-of-england-wont-stand-in-the-way/2008-11-19.htmlThe British pound is on a tear even though the minutes from the most recent monetary policy meeting indicates that the BoE toyed with the idea of cutting interest rates by more than 150bp. The markets are ecstatic about the Bank of England's proactiveness even if it means that UK interest rates will probably drop below 2 percent. Given the tone of the BoE minutes, we expect another 100bp rate cut at the next central bank meeting. The BoE is on a roll right now and the market expects big moves.Wed, 19 Nov 2008 14:31:53 GMThttp://www.fxstreet.com/fundamental/interest-rates/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/interest-rates/bank-of-england-wont-stand-in-the-way/2008-11-19.html